The vast majority of respondents to a recent Redfin survey believe there should be caps on the amount landlords are allowed to increase rent, regardless of whether they’re Democrats or Republicans—however, Redfin economists say rent control worsens housing affordability in the long run More than...
Month: October 2024
HOME EQUITY GAINS LEVEL OFF AS U.S. HOUSING MARKET COOLS DOWN DURING THIRD QUARTER OF 2024
ATTOM, a leading curator of land, property data, and real estate analytics, released its third quarter 2024 U.S. Home Equity & Underwater Report, which shows that 48.3 percent of mortgaged residential properties in the United States were considered equity-rich in the...
U.S. COMMERCIAL FORECLOSURES SPIKE IN SEPTEMBER 2024 WITH SIGNIFICANT YEAR-OVER-YEAR INCREASE
Commercial Foreclosures Increased 15 Percent from Last Month and 48 Percent from Last Year; States with the Most Commercial Foreclosures in September 2024 Included California, New York, and Florida ATTOM, a leading curator of land, property data, and real estate analytics, released an updated...
LESSEN JOINS FORCES WITH PROPERTY MELD THROUGH VENDOR NEXUS PROGRAM, VALIDATING INDUSTRY’S PUSH FORWARD TO STRENGTHEN PROPERTY MAINTENANCE OPERATIONS
Property Meld, the leading property maintenance operations platform, proudly announces a groundbreaking partnership with Lessen, the largest vendor provider in the nation, with a market value of $2 billion. As part of Property Meld's revolutionary Vendor Nexus program, this partnership is set...
Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half
Redfin reports that existing home sales, which are a lagging indicator, fell to a seasonally adjusted annual rate of 4,023,067. That’s the lowest level on record aside from the start of the pandemic. Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the...
Builders continue shift to condos and townhomes amidst affordability crisis
Markets with faster-rising home values have seen a greater surge in permitting, on average Builders finished about 1 million single-family homes in 2023, the second-largest number since the global financial crisis of 2007–2009. Starts for attached single-family homes rose 3% year over year, while...
U.S. Economic Footing Firmer Than Previously Thought, Projected to Expand 2.3 Percent in 2024
Home Price Growth Expected to Decelerate in 2025 as Affordability Remains Stretched Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according...
LexisNexis U.S. Home Trends Report Highlights Impact of Severe Storms as Catastrophic Claims Climb to Record Levels
2024 LexisNexis Home Trends Report highlights why home insurance has increased for homeowners as loss costs across all perils rise for the fifth year in a row LexisNexis® Risk Solutions released its ninth annual LexisNexis U.S. Home Trends Report, providing an updated view of by-peril trends in...
RE/MAX NATIONAL HOUSING REPORT FOR SEPTEMBER 2024
Inventory Grows as Home Sales Cool, Prices Dip Slightly The number of homes for sale climbed for the seventh consecutive month across the 52 metro areas surveyed – 6.4% higher than August and 33.6% above September 2023 levels. New listings also increased 9.7% compared to September 2023. At the...